STATEMENTS BY MEMBERS

Mr CONAGHAN (Cowper) (13:33): Labor's disgraceful deal with the Greens hit the headlines spectacularly yesterday as the latest entry of an ever-increasing list of broken promises from this taxmaxxing treasurer and a prime minister who has a questionable relationship with the truth. 'My word is my bond,' the Prime Minister said—the same man who said 50 times there would be no changes to negative gearing and CGT and that he wouldn't do a deal with the Greens.

Well, it seems that his bond is about as heavy duty as Scotch tape. Targeting self-managed super funds by removing limited recourse borrowing is as bizarre as it is ineffectual and will only serve to kill off the SMSFs in favour of the industry funds conveniently run by Labor's union overlords. A brief chat with any financial adviser would have revealed the average person who uses this strategy to build their own wealth isn't a fat cat or a multiproperty owner.

They're a woman over 55 going through divorce or a retiree with a below-average balance. The Liberals and the Nationals will reverse these punitive taxes and take a plan for a fairer, freer and better tax system to an election so that Australians can see for themselves that we won't change our position after gaining power. Australians don't deserve to have the goalposts continually moved without consultation.